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    Exam 11: Technology, Production, and Costs
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    The Change in a Firm's Total Cost from Producing One
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The Change in a Firm's Total Cost from Producing One

Question 264

Question 264

Multiple Choice

The change in a firm's total cost from producing one more unit of a good or service is the firm's


A) explicit cost of production.
B) marginal cost of production.
C) average cost of production.
D) implicit cost of production.

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